Back in October, investment firm Bernstein predicted that Bitcoin (CRYPTO: BTC) would skyrocket to a price of $150,000 by mid-2025. At the time, Bitcoin was trading for around $35,000, the new spot Bitcoin ETFs had not yet been introduced, and the much-anticipated halving had not yet occurred.

Six months later, it's safe to say that everything is going according to plan. In fact, Bernstein recently doubled down on its $150,000 price forecast for Bitcoin. As they see it, the case for investing in Bitcoin has become more attractive than ever. So, despite the recent dip in price, should you be buying Bitcoin?

According to Bernstein, the primary factor in Bitcoin's favor right now are the new spot Bitcoin ETFs. Ever since their launch in January, they have accumulated more than $30 billion in assets under management. By just about any metric, they have been a huge success.

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Source Fool.com